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California Gasoline Price Components

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March and April 2008

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Branded

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3/3/20083/10/20083/17/20083/24/20083/31/20084/7/2008

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Distribution Costs, Marketing Costs and Profits $0.07$0.09$0.11$0.11$0.06$0.08

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Crude Oil Cost $2.44$2.57$2.51$2.40$2.42$2.60

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Refinery Cost and Profits $0.31$0.24$0.33$0.44$0.48$0.36

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State Underground

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Storage Tank Fee $0.01$0.01$0.01$0.01$0.01$0.01

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State and Local Sales Tax $0.26$0.26$0.27$0.27$0.27$0.27

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State Excise Tax $0.18$0.18$0.18$0.18$0.18$0.18

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Federal Excise Tax $0.18$0.18$0.18$0.18$0.18$0.18

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Total Taxes$0.63$0.63$0.64$0.64$0.64$0.64

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Retail prices $3.46$3.54$3.60$3.60$3.61$3.69

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Tax %18.21%17.80%17.78%17.78%17.73%17.34%